Before the Great Depression occurred, US faced an economic boom in 1920s and then there was a depression period (Iranj, 2012). In Great Depression, many companies went bankrupt. Unemployment rate was 25% in Great Depression as well and today there are a lot of states in America that are facing the problem of unemployment (David, 2011). One of the main factors the current economic crises and the Great Depression is the risky investments. Same was the case in 2008. Europe and UK also faced the similar problems. People are still in a sense of déjà-vu as they took loans to make investment in 1929 when the stock market was down, they were expecting the market to go up so that they can sell they stocks and when the Great Depression occurred, most of the banks crashed. Right now, the banks don't have enough money to give loans to the people (Spencer, 2012). US have remained the epicenter in the current economic crises and in the Great Depression for the financi
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